JSTC vs. LBAY

Last updated Apr 1, 2026

Compare and contrast key facts about Adasina Social Justice All Cap Global ETF (JSTC) and Leatherback Long/Short Alternative Yield ETF (LBAY).

JSTC and LBAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JSTC is an actively managed fund by Toroso Investments. It was launched on Dec 10, 2020. LBAY is an actively managed fund by Toroso Investments. It was launched on Nov 16, 2020.

Performance

JSTC vs. LBAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adasina Social Justice All Cap Global ETF (JSTC) and Leatherback Long/Short Alternative Yield ETF (LBAY). The values are adjusted to include any dividend payments, if applicable.

JSTC vs. LBAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JSTC Adasina Social Justice All Cap Global ETF	-3.94%	12.02%	8.96%	15.67%	-17.58%	19.28%	2.16%
LBAY Leatherback Long/Short Alternative Yield ETF	15.90%	4.08%	-3.49%	-8.54%	22.41%	22.27%	1.08%

Returns By Period

In the year-to-date period, JSTC achieves a -3.94% return, which is significantly lower than LBAY's 15.90% return.

JSTC

• 1D: 2.80%
• 1M: -6.48%
• YTD: -3.94%
• 6M: -3.31%
• 1Y: 9.18%
• 3Y*: 8.75%
• 5Y*: 4.54%
• 10Y*: —

LBAY

• 1D: -0.68%
• 1M: -2.73%
• YTD: 15.90%
• 6M: 14.05%
• 1Y: 12.14%
• 3Y*: 4.38%
• 5Y*: 7.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JSTC vs. LBAY - Expense Ratio Comparison

JSTC has a 0.89% expense ratio, which is lower than LBAY's 1.09% expense ratio.

LBAY

Leatherback Long/Short Alternative Yield ETF

JSTC

Adasina Social Justice All Cap Global ETF

Return for Risk

JSTC vs. LBAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JSTC

JSTC Risk / Return Rank: 32
JSTC Sharpe Ratio Rank: 30
JSTC Sortino Ratio Rank: 31
JSTC Omega Ratio Rank: 30
JSTC Calmar Ratio Rank: 32
JSTC Martin Ratio Rank: 37

LBAY

LBAY Risk / Return Rank: 43
LBAY Sharpe Ratio Rank: 43
LBAY Sortino Ratio Rank: 45
LBAY Omega Ratio Rank: 39
LBAY Calmar Ratio Rank: 55
LBAY Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JSTC vs. LBAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adasina Social Justice All Cap Global ETF (JSTC) and Leatherback Long/Short Alternative Yield ETF (LBAY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	JSTC	LBAY	Difference
Sharpe ratio Return per unit of total volatility	0.55	0.75	-0.20
Sortino ratio Return per unit of downside risk	0.90	1.20	-0.30
Omega ratio Gain probability vs. loss probability	1.12	1.15	-0.03
Calmar ratio Return relative to maximum drawdown	0.79	1.36	-0.57
Martin ratio Return relative to average drawdown	3.40	3.16	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JSTC vs. LBAY - Sharpe Ratio Comparison

The current JSTC Sharpe Ratio is 0.55, which is comparable to the LBAY Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of JSTC and LBAY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JSTC	LBAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	0.75	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.55	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.73	-0.35

Correlation

The correlation between JSTC and LBAY is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JSTC vs. LBAY - Dividend Comparison

JSTC's dividend yield for the trailing twelve months is around 1.40%, less than LBAY's 3.40% yield.

	TTM	2025	2024	2023	2022	2021	2020
JSTC Adasina Social Justice All Cap Global ETF	1.40%	1.34%	1.11%	1.03%	0.83%	0.96%	0.00%
LBAY Leatherback Long/Short Alternative Yield ETF	3.40%	3.80%	3.77%	3.47%	2.74%	2.96%	0.29%

Drawdowns

JSTC vs. LBAY - Drawdown Comparison

The maximum JSTC drawdown since its inception was -26.82%, which is greater than LBAY's maximum drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for JSTC and LBAY.

Drawdown Indicators

	JSTC	LBAY	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-15.99%	-10.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.38%	-9.71%	-1.67%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	-15.99%	-10.83%
Current Drawdown Current decline from peak	-7.41%	-2.73%	-4.68%
Average Drawdown Average peak-to-trough decline	-6.77%	-6.77%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	4.18%	-1.54%

Volatility

JSTC vs. LBAY - Volatility Comparison

Adasina Social Justice All Cap Global ETF (JSTC) has a higher volatility of 6.03% compared to Leatherback Long/Short Alternative Yield ETF (LBAY) at 5.55%. This indicates that JSTC's price experiences larger fluctuations and is considered to be riskier than LBAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSTC	LBAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	5.55%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	10.04%	12.16%	-2.12%
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	16.19%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.86%	13.49%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	13.66%	+2.10%